Vietnam’s rice exports to Africa continue to rise
|
Africa is one of the biggest rice importers in the world. Each year, the region imports about 12-13 million tonnes of rice. In 2019, Vietnam shipped rice worth nearly US$630 million to 35 out of the total 55 African countries, including major markets such as Cote d’Ivoire, Ghana, Senegal, Mozambique, Cameroon, Gabon, Tanzania, and Egypt.
Notably in January-June, Vietnam exported 41,150 tonnes of rice with turnover of US$14.58 million, up 28.5 times in volume and 19.5 times in value.
The Vietnamese Trade Office in Algeria, which is also in charge of Mali, Niger, Senegal and Gambia, has been updating adjustments in their trade policies and rice import regulations to promptly inform to the Ministry of Industry and Trade as well as introduce businesses opportunities for Vietnamese enterprises.
Besides rice, Vietnam could boost exports of other farm produce such as coffee, pepper, cashew nut, fruit and vegetable, confectionery, cereal and aquatic products, as well as industrial products such as garment-textile, footwear, computers, electronic products and spare parts.
Vice versa, Vietnam could continue purchasing raw materials with reasonable prices from the markets to serve the processing and producing sectors at home.
From mid-July to early August 2020, Mali, Niger and Senegal have re-opened some air and land routes after controlling the COVID-19 pandemic. This would help resume trade and investment exchanges with other countries, including Vietnam.
Related News
Wood exports started well
13:26 | 20/04/2024 Import-Export
Leverage to increase the scale of Vietnam - Laos trade turnover
10:51 | 15/04/2024 Import-Export
Vietnam-China trade reaches over US$ 27 billion
09:29 | 10/04/2024 Import-Export
How more than 6 tons of smuggled gold transported to Vietnam?
07:49 | 05/04/2024 Anti-Smuggling
Latest News
Developing a strong brand contributes to increased export revenue
07:49 | 29/04/2024 Import-Export
Export turnover reaches over US$200 billion in the first half of April
15:04 | 28/04/2024 Import-Export
Experts call for efforts in protecting IP rights
15:02 | 28/04/2024 Import-Export
Policies needed to encourage e-commerce to embrace circular economy
15:00 | 28/04/2024 Import-Export
More News
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits
06:15 | 28/04/2024 Import-Export
Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods
06:14 | 28/04/2024 Import-Export
Ample room for Quang Ninh to attract FDI
19:47 | 27/04/2024 Import-Export
Vietnam’s rice exports may exceed 2024 target
19:46 | 27/04/2024 Import-Export
Opportunity for exporting to Thailand market
14:48 | 27/04/2024 Import-Export
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
Your care
Developing a strong brand contributes to increased export revenue
07:49 | 29/04/2024 Import-Export
Export turnover reaches over US$200 billion in the first half of April
15:04 | 28/04/2024 Import-Export
Experts call for efforts in protecting IP rights
15:02 | 28/04/2024 Import-Export
Policies needed to encourage e-commerce to embrace circular economy
15:00 | 28/04/2024 Import-Export
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits
06:15 | 28/04/2024 Import-Export